Drug companies are in no rush to finance a solution to the opioid epidemic. Companies including Johnson & Johnson and McKesson Corp. are preparing to take their chances in court rather than pay billions of dollars to settle lawsuits blaming …
Berkshire Hathaway Inc. investors should get ready for a bumpy ride. Warren Buffett’s company is scheduled to report earnings Saturday morning before its annual meeting, and a new accounting rule could sink results. Berkshire is now required to report unrealized …
Swiss Re said it was still in discussions with SoftBank on Friday about the Japanese group potentially taking a stake in the reinsurer but that a deal was not a sure thing. Swiss Re and its competitors have been under …
Editor’s Note: This story has been updated from a previous version with comment from the CFO’s office. Florida Chief Financial Officer Jimmy Patronis wants to see requirements put in place for those lobbying the state-run insurer of last resort, Citizens …
The Delaware Department of Insurance (DOI) is working with the Federal Emergency Management Agency (FEMA) during the next two weeks as part of a National Level Exercise designed to help FEMA and other federal partners, state and local governments, as …
Mark Edward Partners, an independent, full-service, international insurance brokerage firm, has acquired the Kaplow Insurance Agency, a Chappaqua, N.Y.-based firm that has specialized in equine insurance for more than 50 years. The Kaplow team brings understanding of the risk management …
Woodruff Sawyer has expanded its New England office’s leadership structure due to growth it has seen in the past two years. As part of this initiative, it is positioning its three leaders in roles that will further support and facilitate …
AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in the first quarter, as growth in China offset slowing Hong Kong sales. The measure of estimated future profitability of new …
American International Group Inc. executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 6 percent. The New York-based insurer reported …
Chubb has promoted Andy Macfarlane to the newly-created position of regional manager, Scotland and the North. Macfarlane, who was previously regional manager, Scotland, now has an extended role which includes Chubb’s branches in Manchester, Leeds and Newcastle, in addition to …
